AIA Life has appointed Mr Fisher Zhang as AIA Group regional chief executive for Korea, Mainland China and Vietnam, and chairman and non-executive director of AIA Life in Korea, as well as Mr Nathan Chuang as CEO for three years beginning 4 July 2025, a reappointment.
China's life insurance market showed further signs of recovery in May, with premium growth accelerating on a year-on-year basis, according to operational data released by the National Financial Regulatory Administration (NFRA). The non-life segment remained stable, while analysts expect that a potential decline in the benchmark pricing rate in the third quarter may help ease interest margin pressure across the industry.
Ping An Insurance has significantly increased its holdings in H-shares of major Chinese banks since the end of 2024, with total positions reaching approximately HK$180bn($23bn), according to Bloomberg calculations based on exchange filings.
On June 26, ZhongAn Online, China's first internet-based insurer, announced plans for a share placement to raise approximately HK$3.9bn ($500m), pricing the shares at HK$18.25 each.
Shanghai MediTrust Health Technology Co Ltd officially submitted its prospectus to the Hong Kong Stock Exchange (HKEX) on June 30, 2025, seeking an IPO. Goldman Sachs Asia, CICC, and HSBC are joint sponsors.
Recently, Investment & Pensions Europe (IPE) released its 2025 list of the world's 500 top asset managers. Chinese institutions made notable gains in this year's ranking, with 57 firms making the list and 13 insurance asset managers among them.
Tencent and Taikang Insurance Group have signed a new comprehensive strategic cooperation agreement to further advance digital transformation in insurance and healthcare services. According to local media reports, the agreement was formalised on June 27 at Shenzhen Qianhai Taikang Hospital.
These are the highlights for events and updates across the insurance industry this week.
These are the updates on insurance regulatory developments in China.
China has published new guidelines that will enable systematic flood risk assessments and put in place sustainable efforts to strengthen disaster prevention and control.